Reuters U.S. oil and gas producer Chesapeake Energy Corp said on Friday that three executives will leave the company, the latest exits this year after it launched a new chief executive search and emerged from bankruptcy. Frank Patterson, executive vice president of exploration and production; James Webb, general counsel; and William Buergler, senior vice president, will depart on Friday, according
Reuters Chesapeake Energy Corp CHK.O said on Wednesday no members of its board of directors were interviewing to take over from former chief executive Doug Lawler, who resigned last month after leading the company through its Chapter 11 bankruptcy. Interim-CEO Mike Wichterich said the search for a replacement would take a few months, adding that Lawler had not left because of
Reuters RIO DE JANEIRO – Joaquim Silva e Luna, the new chief executive of Brazil’s Petrobras, will look to respect the company’s current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday. The comments by the former army general signaled that Petrobras’ incoming administration will attempt to maintain some form of continuity with
Oil and Gas 360 HOUSTON, April 14, 2021 /PRNewswire/ — Oasis Petroleum Inc. (“Oasis” or the “Company”) (NASDAQ:OAS) today announced that it has appointed Daniel E. “Danny” Brown as Chief Executive Officer effective April 13, 2021. At the same time, Mr. Brown was also appointed to the Oasis Board of Directors. Mr. Brown has 23 years of experience in the oil and natural gas industry having spent
CNBC Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S. bank by assets, Scharf has a unique view into the saving and spending activity of millions of Americans. Government action at the start of the pandemic was “extremely
Houston Chronicle CenterPoint Energy reported that a growing number of new customers, favorable weather and better cost management helped the company more than double its earnings last year. “I am very pleased with our 2019 results,” said John W. Somerhalder II, interim president and chief executive officer of the regulated utility that delivers electricity to most of the Houston area.
From Reuters Plains All American Pipeline LP said trades at its own Midland crude terminal should be included in a key price assessment, responding to a proposal by Argus Media to remove it: * Plains’ 670,000 barrel-per-day (bpd) Cactus II pipeline began commercial deliveries earlier this month, sending WTI Midland prices at Plains’ terminal as much as 50 cents per
From World Oil Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells. “The proposal is to have a tool that enables the detection of cement anomalies in the adjacent layer and not only
By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock ticker: TOT), under which the company will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. With regards to
By Tyler Losier, Energy Reporter, Oil & Gas 360 PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a definitive agreement to acquire SRC Energy Inc. (stock ticker: SRCI), also located in Denver, in an all-stock transaction valued at
From Reuters Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies. TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas
